This property looks like a bad Long-Term investment with a projected -28.83% first-year return on $284k initial cash invested.
-28.83%
Cash On Cash
0.2%
Cap Rate
0.03
DSCR
$3,118
Rent
-$6,813
Cashflow
Cash Flow
$3,118 income − $9,931 expenses = $6,813 out of pocket
Investment Breakdown
|
Purchase Price
$1351k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$284k
Downpayment
20%
$270k
Closing costs
1%
$13,506
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,118
Total Expenses
$9,931
Mortgage P&I
221%
$6,883
Property Taxes
56%
$1,746
Home Insurance
15%
$472
HOA
1%
$19
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0